Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $97.35, but opened at $92.69. Formula Systems (1985) shares last traded at $96.10, with a volume of 2,146 shares traded.
Formula Systems (1985) Trading Up 0.3 %
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The stock has a fifty day moving average of $91.11 and a 200-day moving average of $83.47. The company has a market cap of $1.48 billion, a PE ratio of 20.02 and a beta of 1.07.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Thursday, November 21st. The technology company reported $1.51 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. 34.76% of the stock is owned by institutional investors and hedge funds.
Formula Systems (1985) Company Profile
(
Get Free Report)
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.
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